Market Trends

MidOcean Energy will allocate Mitsubishi’s strategic investment toward its goal to create a diversified, global “pure play” integrated LNG company.

GE Vernova achieved standalone status after spinning off from GE, and it will begin trading on the New York Stock Exchange (NYSE) under the “GEV” ticker at opening bell April 2, 2024.

The company signed four long-term time charter party (TCP) agreements with shipowners for the operation of 19 additional LNG vessels as part of its LNG fleet expansion program.

The Baker Hughes conference argued in favor of natural gas as a fuel that can help meet net-zero goals.

SLB is acquiring majority ownership in Aker Carbon Capture (ACC) and the two companies will combine technology portfolios, process design experience, and a project delivery platform.

The new company’s direct air capture (DAC) process uses advantaged solid materials, namely zeolites, to capture CO2 and water for end-product production.

Under the terms of a project framework agreement, JERA will seek ownership participation in ExxonMobil’s Baytown hydrogen complex and receive 500,000 tons of ammonia per year from the project.

The blockbuster event tackled energy and power markets, supply chains, net zero, and beyond, but the biggest surprise may have been artificial intelligence.

Day one at WTUI 2024 in Palm Springs, CA focused on gas turbine sales and aeroderivative orders.

From ground-based technologies to site design and aerial innovations, the industry continues to use smart devices to abate methane emissions.

According to the 15-year time-charter party agreements, Qatar Gas Transport Company (Nakilat) will own and operate 25 LNG vessels for affiliates of QatarEnergy.

The DOE’s $60 million grant will be used to develop technology for proton exchange membrane (PEM) water electrolysis, as well as establish a Recovery and Recycling consortium to circulate PEM electrolyzers and fuel cells.

The March/April 2024 issue features insight into how the oil and gas industry is reducing methane emissions, a micro-reactor Q&A with Rolls-Royce, a discussion with GE Vernova on decarbonization, and more.

The Advanced Manufacturing and Recycling Grant Program supports decarbonization and clean energy in former coal communities with a focus on producing and recycling clean-energy products.

Trace Carbon’s Evergreen Hub has submitted a Class VI permit application for two CO2 injection wells in the Beauregard and Calcasieu parishes of Louisiana.

The companies signed a collaboration agreement to evaluate new technologies and industrial applicability for small and advanced modular reactors.

This year’s show focused on the future—how to future-proof current assets and incorporate new ones.

The MethaneSAT detached from SpaceX Transporter-10 and will detect and quantify methane emissions over wide regions of the Earth’s surface.

Terminal Gas Sul is a 6 MTPA offshore LNG import terminal with an Energos Winter floating storage regasification unit and a 33 km pipeline onsite.

With the help of QatarEnergy’s North Field West LNG project, the company plans to increase Qatar’s LNG production capacity by 85% before the end of 2030.

Raw gas reserves were increased by 15 trillion cubic feet and condensate by 2 billion stock tank barrels at the Jafurah unconventional field in Saudi Arabia.

Jean-Charles Bonaccorsi and Carolyn Woeber, Joint Application Engineering Directors at Cadence Design Systems, discuss the role of computational fluid dynamics in the design lifecycle, turbomachinery emissions, decarbonization, and more.

Prevalon Energy is a new standalone business established to grow and innovate the market for battery energy storage solutions with Mitsubishi Power’s technology.

The U.K.’s East Riding of Yorkshire Council granted Equinor planning permission for H2H Saltend—a 600 MW low-carbon hydrogen production plant with carbon capture.

The January/February 2024 issue features an exploration of digital twins, hydrocarbon challenges for compressors, insights on Ansaldo steam turbines, and more.

Texas LNG selected Gulf LNG Tugs of Texas to build, deliver, and operate tugboats for Glenfarne Energy Transition’s export facility.

GE filed a Form 10 registration statement for GE Vernova, which is expected to spin off in early April.

The memorandum of understanding between Ansaldo Nucleare and SACE will establish up to €2 billion in financing to support the execution of nuclear development within the country.

The U.S. DOE awarded Eden $1.4 million in federal funding to develop technologies to stimulate the generation of geologic hydrogen from iron-rich formations.

Global Nuclear Fuel, a GE Vernova business, has received approval from the Nuclear Regulatory Commission to manufacture nuclear fuel enriched with uranium-235.